Jamie Saettele, CMT

Sr. Technical Strategist

Market sentiment, technical analysis, important levels, and Elliott wave.
Jamie Saettele is an active trader, Senior Technical Strategist at DailyFX in New York, and author of Sentiment in the Forex Market (Wiley Trading). His technical strategy focuses on sentiment indicators, Elliott Wave, and seasonality. A graduate of Bucknell University, he holds the Chartered Market Technician (CMT) designation from the Market Technician Association.



Technical Focus: SPX and Crude Oil Positives

The SPX decline from March 1 is what Elliotticians refer to as a '3'. The implication is bullish (at least for a new high) but does allow for a period of sideways trading. Watch 2380.

USD/JPY Turns Up Where it Should

USD/CHF - .9996-1.0019 is Well-Defined for Resistance

NZD/USD RSI Failing Near 50 is Bearish

GBP/USD – Top Side of Former Resistance Line May Provide Support

EUR/USD Rally Fails at Election Day Close and 200 Day Average

AUD/USD Still Failing at Resistance; 200 Day Average is Near .7550

US Dollar Index – Perfect Tag of Support Line

USD/CAD Choppy Rise from 3/16 Prepping for a Drop?

Crude Oil Sports Bullish Wicks above Trendline Support

Gold Price 200 Day Average is Still Providing Resistance

COT-Euro Speculators Hold Smallest Net Short Position Since May 2014

Small traders are net long euros for the first time since 2013. Large speculators are close to flipping to a net long position; their net short position is the smallest in almost 3 years. I see this ...

US Dollar Index 100.39 Should be Watched for Resistance

USD/JPY First 9 Day Drop Since 2011

USD/CAD Trading at the Exact Center of its Channel

Crude Oil – Trendline Hold or Bust

NZD/USD Still Struggling below the Channel Center Line

Gold Price Faces Range Highs and 200 Day Average after 6 day Run

GBP/USD – Still Going after the Channel Break

AUD/USD Follows through on Bearish Key Reversal